Seoul Ranks 8th in Japan Think Tank's 'Global City Competitiveness Ranking'

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Seoul ranked within the 'Top 10' in the global city competitiveness evaluation conducted by a Japanese think tank.

According to the '2021 Comprehensive Competitiveness of 48 Major Cities Worldwide' ranking announced by the Mori Memorial Foundation on the 24th, Seoul maintained its 8th place this year, following last year.

In this evaluation, which assesses 70 indicators across six categories including economy, research & development, culture & exchange, living conditions, environment, and transportation & accessibility, London (UK) secured the 1st place for the 10th consecutive year.

Following London, New York (USA), Tokyo (Japan), Paris (France), Singapore, Amsterdam (Netherlands), and Berlin (Germany) ranked 2nd through 7th respectively.

In this year's evaluation, which for the first time reflected work-from-home environments due to the impact of COVID-19, all cities in the Top 10 maintained their rankings from last year except for the 9th place.

Hong Kong, whose influence from China has grown, dropped four places from 9th last year to 13th this year, falling out of the Top 10 for the first time. Instead, Madrid (Spain) rose to 9th place. Shanghai (China) ranked 10th.

This content was produced with the assistance of AI translation services.